Adani Enterprises AGM Highlights: Gautam Adani On Short Seller Attack, Group Performance, India’s Opportunity

Gautam Adani said he has always expressed belief in “growth with goodness” philosophy.

Adani Group to continue to consolidate what it has built while expanding horizons, he said.

Adani Group continues to attract global investment partners, said Gautam Adani.

Four Adani Group companies successfully executed secondary market transaction with GQG Partners in March, with the transaction valued at $1.87 billion.

Adani Transmission revenue will expand 18% to cross Rs 4,000 crore in annuity income, said Gautam Adani

The power supplier will take 60% of its network in Mumbai to renewable power, making it the first mega city in the world with over 50% power from solar and wind sources, he said.

Adani Ports & SEZ aims to be most profitable port company in the world, India’s largest transport utility by 2030, Adani Group Chairman Gautam Adani said.

Adani Ports EBITDA margin stood at 70% in FY23, he stated. The ports operator aims to be carbon neutral and triple EBITDA by 2030, he further added.

The company will commission India’s largest transhipment hub in Vizhinjam and a port in Colombo in 12-24 months, Gautam Adani said.

Adani Group will play a critical role in India’s journey towards becoming net carbon neutral, said Chairman Gautam Adani.

Adani Green Energy commissioned 2.14 GW hybrid solar-wind project, world’s largest, in Rajasthan and the world’s largest hybrid renewables park is coming up in the middle of the desert in Khavda, he said

Operational renewable energy portfolio grew by 49% to over 8 GW in FY23, said Adani, reaffirming the target to create 45 GW of renewable energy capacity by 2030